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global economy

Cultural  
  1. The international spread of capitalism, especially in recent decades, across national boundaries and with minimal restrictions by governments. The global economy has become hotly controversial. Critics allege that its props, free markets and free trade, take jobs away from well-paid workers in the wealthy nations while creating sweatshops in the poor ones. Its supporters insist that the free movement of capital stimulates investment in poor nations and creates jobs in them. The process is also called globalization.


Example Sentences

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Vietnam said the agreement showed the parties' resolve to "reinforce the rules-based trading system amid continued volatility in the global economy", according to a government statement.

From Barron's ● Oct. 18, 2026

When it comes to the future direction of the global economy there is a bit of a tug of war going on.

From BBC ● Oct. 17, 2026

Warsh described AI as the “most consequential change” to the global economy in his lifetime.

From The Wall Street Journal ● Oct. 16, 2026

“I’d say the advent of this new technology is probably the most consequential change to the U.S. and the global economy in my lifetime at this point,” Federal Reserve Chairman Kevin Warsh said Friday.

From The Wall Street Journal ● Oct. 16, 2026

The tide rolls with corporate fortunes and the global economy, and relos are not singled out in census statistics.

From "Class Matters" by The New York Times

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